RHB Concludes RM800 Mln Sukuk Issuance

KUALA LUMPUR, Oct 18 (Bernama) -- RHB Bank Bhd has completed its fourth issuance of RM800 million in nominal value Senior Sukuk Murabahah under its RM10 billion in nominal value Sukuk Murabahah Programme.

Main Market-bound Azam Jaya Bhd Aims To Raise RM61.5 Mln From IPO

KUALA LUMPUR, Oct 18 (Bernama) – Sabah-based major road infrastructure construction player, Azam Jaya Bhd aims to raise RM61.5 million from its initial public offering (IPO), pursuant to its listing on the Main Market of Bursa Malaysia on Nov 11, 2024.

BSN's MADANI Micro Financing: A Lifeline For SMEs In Challenging Times

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 17 (Bernama) -- The MADANI Micro Financing Scheme by Bank Simpanan Nasional (BSN), introduced under Budget 2024, serves as a vital ‘lifeline’ for small and medium enterprises (SMEs) looking to strengthen working capital amidst economic uncertainties and natural disasters.

Mytheresa To Acquire YNAP From Richemont

KUALA LUMPUR, Oct 7 (Bernama) -- MYT Netherlands Parent B.V. (Mytheresa) and Richemont announced they have entered into binding agreements for the acquisition of 100 per cent of the share capital of YOOX Net-a-Porter (YNAP) by Mytheresa.

Sorento Capital To Raise RM57.4 Mln, Targets 200 New Dealers

KUALA LUMPUR, Oct 7 (Bernama) -- Sorento Capital Bhd, a provider of bathroom and kitchen sanitary ware solutions, is set to raise RM57.4 million through its initial public offering (IPO) and plans to recruit 200 new dealers across Malaysia over the next three years.

Budget 2025: Semiconductor Association Urges Govt To Support Local Firms Digitalisation

By Siti Noor Afera Abu

KUALA LUMPUR, Oct 3 (Bernama) -- The government needs to aid the growth of local companies by supporting technology acquisition and providing funding, which will help transform Malaysia into a global leader in the semiconductor and electrical and electronics (E&E) sector.

Bank Islam Launches Second Tranche Of Sukuk Wakalah Amounting To RM250 Mln

KUALA LUMPUR, Oct 2 (Bernama) -- Bank Islam Malaysia Bhd has launched its second tranche of additional Tier-1 capital sukuk wakalah from its RM5.0 billion Sukuk Wakalah Programme amounting to RM250 million Perpetual Non-Call five years.

CIMB Partners With CGC To Offer Additional RM1.5 Bln Financing For SMEs

KUALA LUMPUR, Oct 1 (Bernama) -- CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB Bank) have partnered with Credit Guarantee Corporation Malaysia Bhd (CGC) to offer an additional RM1.5 billion in financing through a portfolio guarantee scheme for small and medium-sized enterprises (SMEs).

Bintai Kinden Proposes Regularisation Plan To Exit PN17 Status

KUALA LUMPUR, Sept 27 (Bernama) — Bintai Kinden Corporation Bhd (BKCB) has announced a proposed regularisation plan to exit its Practice Note 17 (PN17) status and ensure long-term sustainability.

ACE Market-bound OB Holdings Aims To Raise RM28.8 Mln From IPO

KUALA LUMPUR, Sept 27 (Bernama) -- OB Holdings Bhd (OB Holdings) aims to raise RM28.8 million from its initial public offering (IPO), pursuant to its listing on the ACE Market of Bursa Malaysia on Oct 29.

Akwel Anticipates Minor Sales Drop For Current Fiscal Year

KUALA LUMPUR, Sept 23 (Bernama) -- AKWEL, the automotive and heavy goods vehicle (HGV) components manufacturer, has posted a net income of 20.2 million euros, giving a net margin of 3.8 per cent for the first half of 2024. (1 euro = RM4.68)